Marshall Wace LLP Has $3.69 Million Stake in Fox Co. (NASDAQ:FOX)

Marshall Wace LLP grew its position in Fox Co. (NASDAQ:FOX) by 396.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,720 shares of the company’s stock after purchasing an additional 64,472 shares during the period. Marshall Wace LLP’s holdings in FOX were worth $3,692,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC boosted its position in FOX by 3.6% during the 3rd quarter. Barclays PLC now owns 540,789 shares of the company’s stock worth $20,982,000 after acquiring an additional 18,802 shares during the last quarter. Virtu Financial LLC grew its position in FOX by 971.8% in the third quarter. Virtu Financial LLC now owns 215,425 shares of the company’s stock valued at $8,358,000 after purchasing an additional 195,326 shares in the last quarter. Tidal Investments LLC acquired a new stake in FOX in the 3rd quarter valued at $384,000. Franklin Resources Inc. lifted its position in FOX by 457.5% during the 3rd quarter. Franklin Resources Inc. now owns 44,332 shares of the company’s stock worth $1,694,000 after buying an additional 36,380 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of FOX by 41.7% during the 4th quarter. GAMMA Investing LLC now owns 6,584 shares of the company’s stock worth $301,000 after buying an additional 1,939 shares during the last quarter. 26.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Moffett Nathanson downgraded FOX from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st.

FOX Price Performance

NASDAQ:FOX opened at $45.79 on Friday. The stock has a market capitalization of $20.76 billion, a PE ratio of 9.81, a P/E/G ratio of 1.55 and a beta of 0.58. Fox Co. has a 1-year low of $28.51 and a 1-year high of $55.00. The firm has a fifty day simple moving average of $49.05 and a 200 day simple moving average of $46.17. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOX) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.35. FOX had a net margin of 14.39% and a return on equity of 18.50%. During the same period in the prior year, the firm posted $0.34 earnings per share. On average, research analysts expect that Fox Co. will post 4.25 EPS for the current fiscal year.

FOX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were paid a $0.27 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.08 annualized dividend and a yield of 2.36%. FOX’s dividend payout ratio is 11.56%.

Insider Activity

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value of $69,178.14. Following the transaction, the insider now directly owns 29,897 shares of the company’s stock, valued at $1,618,324.61. This represents a 4.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the sale, the chairman now owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. Insiders own 23.06% of the company’s stock.

FOX Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.